经济观察网2026年2月25日晚，百度与欢聚集团达成收购协议，百度以约21亿美元(约合人民币152亿元) 收购欢聚集团在国内的视频娱乐直播业务(即YY直播)。该交易已通过港交所公告披露，标志着欢聚集 团业务结构的重要调整。 以上内容基于公开资料整理，不构成投资建议。 股票近期走势欢聚(代码：YY.OQ)在美股的最新行情显示，截至2026年2月27日，股价为41.55美元，总 市值约21.63亿美元。当日涨跌幅为0.00%，股票状态为D(可能未交易或停牌)。投资者需关注收购事件 对股价的潜在影响。 ...

本报讯 （记者袁传玺）2月26日，斗鱼发布《2025生态治理年度报告》，全面梳理并披露了过去一年在 平台生态治理领域的实践路径与核心成效。斗鱼锚定网络反诈、内容整治、防沉迷等关键领域，构建 起"事前防范—事中处置—事后复盘"的全流程治理闭环。全年累计永久封禁违规直播间4891个，处置侵 权类账号6164个，拦截违规弹幕805349条，实现整体违规内容曝光量同比下降34.5%，以扎实的治理行 动为高质量发展注入强劲动力。 反诈工作是平台治理的重中之重。斗鱼建立全链条反诈防控机制，一方面通过监测单一IP异常消费行 为、设置新注册账号高风险渠道充值限额、限制特定虚拟商品购买数量等举措，从交易环节阻断诈骗风 险；另一方面持续优化反诈监测模型，升级AI智能识别能力，实时追踪诈骗行为新动向、新套路。全 年共处置涉诈账号1532个，累计触发违规风险提示57万余次，覆盖用户超5万人次。同时，斗鱼通过公 众号、官网、站内信等多渠道发布反诈科普内容，梳理虚假充值优惠、返现刷单等典型诈骗场景，助力 用户提升风险识别与防范能力。 在践行企业社会责任方面，斗鱼步履不停、持续发力。2025年4月份，斗鱼启动第五届"护苗·鱼阅计 划"公益 ...

（来源：工人日报） "在为网络主播等新就业形态劳动者讨薪时，人社部门面临的核心挑战源于劳动关系难以认定、用工模 式复杂多元、证据取证困难、传统监管方式不适配以及劳动者自身维权意识不足等多重因素。"内蒙古 自治区呼和浩特市赛罕区人社局党组成员丁俊平日前向记者介绍，结合辖区5.28万新就业形态劳动者、 12万灵活就业人员的规模，当地探索适配新就业形态领域的欠薪治理创新路径。2025年以来，多起新就 业形态劳动者欠薪案件在工作机制创新下得到有效解决，对保障劳动者权益、快速处理该群体欠薪纠纷 具有典型意义。 务工者遭遇工作量计算难题 2025年8月，郭某等5名务工者与内蒙古某传媒有限公司签订劳动合同，从事客服主播岗位。当年9月 初，公司因效益问题辞退5人，但拖欠了5人工资。据当事人介绍，他们自行去讨要工资的过程中，遭遇 公司老板的强硬拒绝。随后，他们来到赛罕区人社局投诉，希望能协助解决克扣工资与违法辞退等问 题。 赛罕区人社局于2025年9月5日前往被投诉的公司核实情况。"这5名务工者从事的是主播工作，其收入多 来自分成或打赏，电子证据易篡改，取证复杂，证据收集与认定难度较高。"丁俊平表示，传统的监管 与执法方式难以 ...

高盛发布研报称，春节线下娱乐呈现分化趋势，优质的现场内容供应才是娱乐消费的核心驱动力。今年 春节，旅游消费同比增长19%，而电影票房表现平淡，仅达57亿元人民币，同比下滑40%，回归疫情前 水平。此现象由于今年缺乏优质作品，相较于2025年春节档期票房48亿元人民币的《哪吒2》。 展望未来，该行认为游戏领域中，腾讯、网易核心经典游戏凭借持久的IP优势将维持强劲表现，新游戏 供应日益增加且海外扩张成为关键增长引擎。娱乐产业竞争格局方面，快手/哔哩哔哩-W(09626)业务基 础稳固且具AI潜力，而音乐/直播业务面临更激烈竞争。 在个股层面，随着近期股价因人工智能颠覆性影响及竞争忧虑而修正，该行观察到部分企业当前股价已 逼近其五年市盈率区间的低端，例如腾讯控股(00700)15倍、网易-S(09999)13倍、快手-W(01024)10倍， 但预期2026年每股盈利将实现高单位数至低双位数的同比增长。 ...

新浪科技讯 2月26日午间消息，三只羊集团发布声明，回应近日"三只羊借壳上市"的传闻。声明内容提 到，截至目前，三只羊集团及旗下公司均未有任何形式的借壳上市、整体上市、IPO申报。网传"三只 羊登陆纳斯达克""借壳美股公司"等内容，仅为海外直播运营业务合作。 三只羊集团在声明中还表示，截至声明发布之日，三只羊集团未授权任何机构、个人以"上市"名义开展 募资、原始股销售、股权转让等活动，凡以此名义进行的均为诈骗行为。对于恶意编造、传播"三只羊 借壳上市"虚假信息、误导公众与投资者的行为，公司已固定证据，将依法追究法律责任。 近日，网络流传三只羊集团借壳美股上市公司Rich Sparkle（后更名为ANPA）。事件的起因是Rich Sparkle收购了由三只羊旗下的安徽小黑羊网络科技与TikTok顶流网红Khaby Lame"无语哥"合资成立的 公司Step Distinctive，其中三只羊方面持股13%，其后被市场解读为三只羊借壳登陆纳斯达克。 资料显示，Rich Sparkle原本主业是金融印刷，2025年7月登陆纳斯达克，其收购的Step Distinctive 100% 股权对应估值为9.75亿美元，约 ...

展望未来，该行认为游戏领域中，腾讯、网易核心经典游戏凭借持久的IP优势将维持强劲表现，尽管新 游戏供应日益增加且海外扩张成为关键增长引擎，但AI模型对游戏发行/营运的影响有限。娱乐产业竞 争格局方面，快手/哔哩哔哩业务基础稳固且具AI潜力，而音乐/直播业务面临更激烈竞争。 格隆汇2月26日｜高盛发表报告指，春节线下娱乐呈现分化趋势，优质的现场内容供应才是娱乐消费的 核心驱动力。今年春节，旅游消费按年增长19%，而电影票房表现平淡，仅达57亿元，按年下滑40%， 回归疫情前水平。此现象由于今年缺乏优质作品，相较于2025年春节档期票房48亿元的《哪吒2》。 在个股层面，随着近期股价因人工智能颠覆性影响及竞争忧虑而修正，该行观察到部分企业当前股价已 逼近其五年市盈率区间的低端，例如腾讯15倍、网易13倍、快手10倍，但预期2026年每股盈利将实现高 单位数至低双位数的按年增长。 ...

Core Viewpoint - Douyu's stock has experienced a significant decline, dropping 10.93% to $4.48, marking six consecutive days of losses [1] Financial Performance - In Q3 2025, Douyu reported total revenue of 899 million yuan, a year-on-year decrease of 15% [1] - Gross profit increased by 90.9% to 116 million yuan, indicating improved operational efficiency [1] - The company achieved a net profit of 11.33 million yuan, successfully turning a profit compared to the previous year [1] Business Strategy - Douyu emphasized that profitability improvements were driven by enhanced operational efficiency and innovative business initiatives, such as voice social services [1] - Despite the positive developments, live streaming revenue fell by 30.6%, highlighting ongoing challenges within the industry [1]

Core Viewpoint - Guangdong is focusing on the coordinated development of manufacturing and service industries as a strategy for high-quality economic growth, marking the beginning of a new phase in its development journey [1][2]. Group 1: Economic Strategy - The theme of the high-quality development conference emphasizes "coordinated development of manufacturing and service industries," aiming to set a clear direction for economic growth in 2024 and beyond [1]. - Guangdong has maintained its position as the top province in GDP for 37 consecutive years, showcasing a robust manufacturing base and a strong modern service sector [1]. - The province's manufacturing sector includes all 31 major categories and boasts 10 trillion-yuan-level industrial clusters, while the service sector has led the nation in added value for 41 years [1]. Group 2: Industry Transformation - The coordinated development of manufacturing and service industries is essential for upgrading the entire economic chain, with a focus on mutual enhancement rather than competition [2]. - Guangdong's manufacturing is transitioning towards smart, high-end, and green production, with service industries playing a crucial role in this transformation through the use of information technology and financial services [2]. - The "14th Five-Year Plan" suggests enhancing the integration of modern services with advanced manufacturing and modern agriculture, emphasizing the digitalization of services [2]. Group 3: Market Dynamics - The synergy between manufacturing and service industries is expected to enrich supply content, stimulate market demand, and promote consumption, ultimately benefiting the public [3]. - The "Guangdong Goods Go Global" initiative highlights the importance of service support, such as logistics and digital technology, in driving sales for local products [3]. - The coordinated development approach is not only about improving manufacturing efficiency but also about investing in human resources to enhance overall quality of life [3].

Core Viewpoint - Wang Sicong is expanding into the restaurant industry through the establishment of Beijing Yuwu Catering Management Co., Ltd., which has a registered capital of 1 million RMB and focuses on catering management and delivery services [1][2]. Group 1: Company Establishment - Beijing Yuwu Catering Management Co., Ltd. was founded on February 9, 2026, with a registered capital of 1 million RMB [1][2]. - The company is involved in various services including catering management, delivery services, and commercial complex management [1][2]. Group 2: Shareholding Structure - Wang Sicong holds a 33.33% stake in Beijing Yuwu Catering Management Co., Ltd. through Beijing Shangji Enterprise Management Center (Limited Partnership), which is the major shareholder with a 66.67% stake [3]. Group 3: Recent Investments - In late January 2026, Wang Sicong's Beijing Dade Houxin Investment Management Co., Ltd. invested in Chengdu Putonia Enterprise Management Co., Ltd., which operates in restaurant services and management, with a contribution of 216,200 RMB for a 16% stake [5]. - Wang Sicong is also involved in the beauty industry, with the establishment of Beijing Ningyue Medical Beauty Clinic Co., Ltd. on December 30, 2025, focusing on medical and lifestyle beauty services [5]. Group 4: Asset Management and Financial Challenges - Recently, Wang Sicong's assets have come under scrutiny due to a court auction of an 8% stake in Beijing Pusi Investment Co., Ltd., valued at -1.6662 million RMB, with a starting bid of 107,500 RMB [6][10]. - Beijing Pusi Investment Co., Ltd. has been a significant investment platform for Wang Sicong, managing assets exceeding 1 billion USD and investing in nearly 80 projects, but has faced financial difficulties due to a tightening macroeconomic environment [10].

Group 1: Company Overview - Wang Sicong has recently established a new restaurant management company named Beijing Yuwu Catering Management Co., Ltd. with a registered capital of 1 million RMB [2] - The company is involved in various services including catering management, delivery services, and commercial complex management [2] - Wang Sicong holds a 33.33% stake in the company through Beijing Shangji Enterprise Management Center, which is the major shareholder with a 66.67% ownership [2] Group 2: Recent Activities - In late January, Wang Sicong's investment firm, Beijing Dade Houxin Investment Management Co., Ltd., invested in Chengdu Putonia Enterprise Management Co., Ltd., acquiring a 16% stake for 216,200 RMB [5] - Wang Sicong has also ventured into the beauty industry with the establishment of Beijing Ningyue Medical Beauty Clinic, which has a registered capital of 1 million RMB [5] Group 3: Financial Challenges - Recently, Wang Sicong's assets have come under scrutiny due to a court auction of an 8% stake in Beijing Pusi Investment Co., Ltd., valued at -1.6662 million RMB, with a starting bid of 107,400 RMB [6] - Pusi Investment, a key platform for Wang Sicong, has faced financial difficulties, being listed as a defendant multiple times due to cash flow pressures [11] - The company previously managed assets exceeding 1 billion USD but has struggled due to a cooling market in live streaming and content creation [11]